Shilling at two-month high on investor rush

Central Bank of Kenya (CBK) said it was out of the money market on Thursday as liquidity remained tight. FILE PHOTO | NMG

The shilling hit a two-month high Thursday as foreign investors buying Kenyan assets, in the wake of a Supreme Court ruling to uphold Uhuru Kenyatta’s win, sold hard currencies.

Commercial banks quoted the shilling at 103.00/20 against the dollar mid Thursday, a level last seen in September 15 and stronger than the 103.20/40 it closed at the previous session.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.